Daily: Bitcoin shoots past $11000, will there be a pull back?

in bitcoin •  7 years ago 

Bitcoin continues to push its all time high to new heights. When we see a pullback? Is bitcoin a Bubble?
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That's the million dollar question!

I've got the answer...

HODL

There has to be eventually...right?!

I honestly don't know at this point. Maybe BTC is at 100,000 by the end of 2018, who fucking knows!

  ·  7 years ago (edited)

A 100k Bitcoin is gonna produce some fancy back drops... no more passenger seat of the car type posting, more like posting from that helicopter ride you’ve always wanted to go on! #allthewayup

I imagine 100k bitcoin would be very very good for Steem...but then again, who knows where the platform is heading. May get crushed by bots and spammers, I dunno.

e1618a50c44bc03332f961b348ac8136.jpg

  ·  7 years ago (edited)

Watching history being made has been amazing! The war is far from over and there will be ton of correction but the future of blockchain tech is inevitable and will be a monumental experience to be a part of!

  ·  7 years ago (edited)

Very well said. Agreed, monumental experience and here we all are.. right in the middle of it.

yes there is always at least 10-30% retracement after ath

who can stop it ! Ajit V Pai ??? Maybe lol

exponentially it can pump up to 12-13K

Valuable information worthy of appreciation @boxmining

Wow thats amazing

The correction might happen soon & I see the mempool & fees are increasing the past few hours. The media coverage about passing USD10K will lead to less knowledgeable money entering the market, bursting the bubble.

Then again, it's the end of the year & some traders want to meet their return targets for the year, not to mention some people want to earn some extra cash before the holidays. Plus, the CME will launch the bitcoin investment instruments within the next few days.

Thanks for your info Bitcoin always increasing @boxmining I appreciate your post 👌

BitCoin network needs serious upgrade. The fees are high and is a slow coin. Segwit is lagging. I use Exodus wallet. Please talk to Exodus team and persuade them to do some upgrade to allow use of segwit addresses and atomic swaps.

It's over 9000 😜

Bitcoin is attracting speculators from every direction. It might not stop until it reach 20K or higher. No matter where it reaches, prepare for a rough landing.

The correction is sure to come, newcomers will flow into altcoins 💰

There always is, some piece of news, a government crackdown etc. I would guess the pullback will be noticeable around December 13th according to the charts.. but its Bitcoin so who knows.. @pawsdog

In my prespective bitcoin will down to 9k and will back to 15k within 1 or 2 month

many expected a pullback at 10k but bitcoin doesn't care. it goes to the moon

There will definitely be a correction ... it's always a matter of when and how much. Let's not forget that the last correction was only a couple weeks ago.

The tough question I have answering from friends is: Should they buy now?

I'm inclined to say no to large positions -- but encourage them to buy a small stake and get used to handling bitcoin (exchanges, wallets, etc..). Then wait for the price to come back a little.

What are you all telling friends/family?

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  ·  7 years ago (edited)

That’s the question we’re all asking ourselves, Will there be a correction? What if there isn’t a correction?....that’ll be a new one

The higher to fly the tougher to land.

Whenever any of these coins rocket outta here without looking back, I find myself preparing for rough landings

Guys, what is better to hold longterm? Bitcoin or ethereum? I personally believe in ethereum's tech.

I predict there will be a pullback. What do I win?

Wish i took Bitcoin serious when it first came to my knowledge, when it was just Few Dollars.

@boxmining - that's the million dollar question - Bitcoin is just not showing any signs of stopping and even the pullbacks are getting bought back very fast that it it practically lasts for just minutes...

It's just defying technical chart logic and it's crazy that people like me who have been waiting since 7k for a pullback to buy in has been caught completely with our pants down and now it's 11k already!

And the irony, you fear to go in and you fear to sell out too -- aargh!

DO check my blog on the same : https://steemit.com/bitcoin/@roji.abraham/bitcoin-11-000-and-still-going-stn

Bitcoin is volatile, I wish I got in this game earlier. It is never too late anyway